Property Valuation
An appraiser performing a retrospective appraisal for estate tax purposes in North Dakota must value the property:
AAt today's current market value
BAs of the date of the decedent's death✓ Correct
CAt the lowest value in the past 5 years
DBased on the purchase price
Explanation
Retrospective appraisals for estate tax purposes must value the property as of the date of death. The appraiser uses market data from that historical date to determine the property's fair market value.
Related North Dakota Property Valuation Questions
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